Price for Stainless Steel in Ingots or Other Primary Forms in Bulgaria - 2023
Contents:
- Price for Stainless Steel in Ingots or Other Primary Forms in Bulgaria (CIF) - 2022
- Price for Stainless Steel in Ingots or Other Primary Forms in Bulgaria (FOB) - 2022
- Imports of Stainless Steel in Ingots or Other Primary Forms in Bulgaria
- Exports of Stainless Steel in Ingots or Other Primary Forms in Bulgaria
Price for Stainless Steel in Ingots or Other Primary Forms in Bulgaria (CIF) - 2022
In 2022, the average import price for stainless steel in ingots or other primary forms amounted to $6,916 per ton, rising by 55% against the previous year. Over the period under review, the import price, however, continues to indicate a pronounced setback. The growth pace was the most rapid in 2015 when the average import price increased by 158% against the previous year. The import price peaked at $9,060 per ton in 2012; however, from 2013 to 2022, import prices failed to regain momentum.
There were significant differences in the average prices amongst the major supplying countries. In 2022, amid the top importers, the country with the highest price was Spain ($6,833 per ton), while the price for Turkey ($763 per ton) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by the UK (+20.8%), while the prices for the other major suppliers experienced more modest paces of growth.
Price for Stainless Steel in Ingots or Other Primary Forms in Bulgaria (FOB) - 2022
In 2022, the average export price for stainless steel in ingots or other primary forms amounted to $8,116 per ton, rising by 59% against the previous year. Overall, the export price posted a remarkable increase. The most prominent rate of growth was recorded in 2021 an increase of 146% against the previous year. Over the period under review, the average export prices attained the maximum in 2022 and is expected to retain growth in the near future.
As there is only one major export destination, the average price level is determined by prices for Romania.
From 2012 to 2022, the rate of growth in terms of prices for the Netherlands amounted to +154.8% per year.
Imports of Stainless Steel in Ingots or Other Primary Forms in Bulgaria
In 2022, the amount of stainless steel in ingots or other primary forms imported into Bulgaria shrank markedly to 12 tons, reducing by -81.1% against the year before. In general, imports faced a precipitous contraction. The most prominent rate of growth was recorded in 2021 with an increase of 113%.
In value terms, imports of stainless steel in ingots or other primary forms shrank rapidly to $82K in 2022. Over the period under review, imports faced a sharp reduction. The most prominent rate of growth was recorded in 2021 with an increase of 276%.
| Import of Stainless Steel in Ingots or Other Primary Forms in Bulgaria (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Italy | 2,811 | N/A | 42.5 | 17.3 | -81.7% |
| Spain | N/A | 12.8 | 15.8 | 13.5 | 2.7% |
| Germany | 38.0 | 2.8 | 17.9 | 6.3 | -45.1% |
| United Kingdom | N/A | N/A | 18.5 | 5.1 | -72.4% |
| Poland | 29.2 | 53.1 | 37.1 | 4.7 | -45.6% |
| Romania | N/A | N/A | 53.5 | 3.5 | -93.5% |
| Turkey | N/A | 1.7 | 6.5 | 0.8 | -31.4% |
| Others | 141 | 3.6 | 86.5 | 30.4 | -40.0% |
| Total | 3,019 | 74.0 | 278 | 81.5 | -70.0% |
Top Suppliers of Stainless Steel in Ingots or Other Primary Forms to Bulgaria in 2022:
- Italy (6.2 tons)
- Spain (2.0 tons)
- Romania (1.3 tons)
- Poland (1.3 tons)
- Turkey (1.0 tons)
- United Kingdom (1.0 tons)
- Germany (1.0 tons)
Exports of Stainless Steel in Ingots or Other Primary Forms in Bulgaria
For the third consecutive year, Bulgaria recorded decline in shipments abroad of stainless steel in ingots or other primary forms, which decreased by -86.2% to 830 kg in 2022. Over the period under review, exports recorded a sharp downturn. The smallest decline of -79% was in 2021.
In value terms, exports of stainless steel in ingots or other primary forms shrank sharply to $6.7K in 2022. Overall, exports continue to indicate a dramatic downturn. The smallest decline of -48.4% was in 2021.
| Export of Stainless Steel in Ingots or Other Primary Forms in Bulgaria (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Romania | 4.4 | 13.5 | 13.5 | 6.7 | 15.0% |
| Italy | 461 | 30.4 | N/A | N/A | -93.4% |
| Others | 29.8 | 15.5 | 17.1 | N/A | -24.2% |
| Total | 495 | 59.5 | 30.7 | 6.7 | -76.2% |
Top Export Markets for Stainless Steel in Ingots or Other Primary Forms from Bulgaria in 2022:
- Romania (1.8 tons)
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